Price Don’t Lie: What’s NovaGold Resources Inc. (USA) Upside After Today’s Big Increase?

Price Don't Lie: What's NovaGold Resources Inc. (USA) Upside After Today's Big Increase?

The stock of NovaGold Resources Inc. (USA) (NYSEMKT:NG) is a huge mover today! About 1.31M shares traded hands. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has risen 2.26% since April 5, 2016 and is uptrending. It has outperformed by 0.31% the S&P500.
The move comes after 9 months positive chart setup for the $1.44B company. It was reported on Nov, 8 by Barchart.com. We have $6.18 PT which if reached, will make NYSEMKT:NG worth $388.80 million more.

According to Zacks Investment Research, “NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.”

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